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GFSC updates rules for ILS
04 January 2017
St Peter Port

The Guernsey Financial Services Commission (GFSC) has released a new set of rules to clarify the regulatory treatment of collaterised reinsurance, including insurance-linked securities (ILS)...

R&Q completes novation of Coca-Cola captive
03 January 2017
Bermuda

Randall & Quilter Investment Holdings has completed the novation by Georgia Atlantic Insurance, a wholly owned, Bermuda-based captive, of the Coca-Cola Bottlers’ Association...

Skanska sells Luxembourg captive
23 December 2016
Östersund

Construction company Skanska has sold 100 percent of its share capital in its Luxembourg captive, Scem Reinsurance, to ArcelorMittal, a steel and mining company...

Moody’s: Clarified captive exposures raise concerns
22 December 2016
New York

Disclosure of captive exposures to certain long-term and universal life insurance policies has improved among life insurers, but it has also revealed additional problems, according to Moody’s Investors Service...

Acuity Investment eyes up Pro Global company
22 December 2016
London

Private equity firm Acuity Investment has released a proposal to acquire a Pro Global Insurance Services company, subject to shareholder and regulatory approval...

SARRG’s ratings downgraded
21 December 2016
Oldwick, New Jersey

A.M. Best has downgraded the financial strength rating of Security America Risk Retention Group (SARRG), based in Burlington, Vermont, from “B++ (Good)” to “B+ (Good)”...

Leadership changes at Greenlight Re
21 December 2016
George Town, Cayman Islands

Barton Hedges, CEO of Greenlight Re, will step down from the role after 11 years of service, effective from 31 March next year...

JLT acquires StoneHill Reinsurance
20 Decemeber 2016
Philadelphia

JLT Re has purchased StoneHill Reinsurance Partners, a reinsurance intermediary focusing on medical professional liability...

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